Sharp has approved an offer from Hon Hai Precision Industry and related companies to acquire over 66 per cent of the company’s voting stock, making the Taiwanese contract manufacturer the new parent of the venerable Japanese firm.

With its entry into the market of 4K high definition television sets, Sharp Electronics has elected to use Google's Android TV operating system to run the higher-end models, bringing computer-like functionality to these devices.

Copyright 2019 IDG Communications. ABN 14 001 592 650. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of IDG Communications is prohibited.